Loan Management Officer at The OPEC Fund for International Development

Job Profile

• The Loan Management Officer is responsible for planning and executing disbursements, issuing collection and settlements, posting loan repayments, interest income, and other relevant fees, non-performing loans, and maintaining accurate records of transactions in the loan accounts, all in accordance with the institutional strategy and framework.

Duties and Responsibilities
Monitoring and Review:

• Reviews and validates financial terms and conditions of loans, guarantees and grants.
• Ensures timely and accurate update of data pertinent to loan terms and conditions in the information systems; prepare loan-billing statements for front-end fees and other origination fees.
• Verifies the application of arrears sanctions in accordance to the Fund’s policy.
• Reviews withdrawal applications to ensure compliance with the Fund’s disbursement procedures and contractual obligations prior to payment.
• Initiates the execution of outgoing payments for loan disbursements, equity investments, and grants.
• Verifies that disbursements are promptly and correctly posted in the information system; prepares loan statements, and advice on debit/credit, among others, where necessary, for use by the borrowers.
• Determines applicable interest rate for floating rate loans and issues interest rate setting notice.
• Completes periodic reconciliation of SAP/CML loan subsidiary accounts with the general ledger, as well as follow up on all outstanding items.
• Manages the issuance, amendment and cancellation of reimbursement guarantees to commercial banks in consultation with the Fund’s General Counsel & Legal Services and Operations Departments.
• Analyzes, reviews, and timely issues loan claim letters to borrowers.
• Tracks repayments due and reconcile allocation of incoming payments through Fund’s accounts and the respective postings in the relevant loan account registry.
• Identifies follows up and reports loans in arrears.

Reporting:

• Prepares standard and ad-hoc financial reports.

Coordination:

• Coordinates with relevant departments, units and officers to ensure the correctness and consistency of data in the information system.
• Cooperates with the Operations Departments to ensure that the impact of new financial products on financial operations is duly considered prior to implementation.
• Participates in cross-departmental projects.

Qualifications and Experience

• Master’s Degree in Finance / Business, majoring in Accounting, Financial Control, Business Administration or other relevant fields 
• Preference for a recognized accounting/finance certification such as the CA or CPA 
• A minimum of 5 years relevant professional experience 
• Preferably 2-3 years of experience in an international development institution
• Fluent in English. Good working knowledge of French, Arabic, German or Spanish is an added advantage

Competencies:

• Strong analytical thinking: Ability to use complex analytical techniques to break down problems into pieces and see the complex relationship among them, develop alternatives and calculates the cost/benefit analysis.
• Team player & demonstrate leadership: ability to value and encourage other members to actively participate in the team
• Ability to define priorities and set targets, to take decisions based on these and to evaluate the effectiveness of the decisions taken
• Knowledge of financial accounting; knowledge of exchange rate policies; knowledge of taxation and the design of fiscal regimes for resource extraction
• A good understanding of the Fund’s operations (particularly the areas of public and private sector, grants operations and trade financing)
• Proven track record of debt relief and concession issues & put it into excellence in execution and performance

Familiar with SAP-CML Enterprise Resource Planning (ERP) systems with a high degree of integration